2023 Property Risk Management Report

2023 Property Risk Management Report

What do over 150 risk managers with portfolios of $100M+ in TIV think of the commercial property risk management landscape? This third annual report outlines their thoughts.

Archipelago and Advisen’s third annual Property Risk Management Report highlights survey results on the perspectives and challenges of risk managers who oversee large portfolios of insured property in the United States and around the world.

These risk managers are eager to play a more proactive role in the value chain and influence strategic decision-making related to risk, resilience, and mitigation initiatives. They seek greater autonomy to implement risk management strategies based on their unique perspectives and prioritize transparent collaborations that provide data-driven insights to empower them to act. This marks a departure from the traditional approach of solely relying on insurance coverage to transfer risks.

Some key findings include:

• 74% of risk managers want more property insurance underwriting and pricing transparency.
• 75% of risk managers say managing SOV data is complicated.
• Only 17% of risk managers understand how insurers use their statement of values (SOV) data. 

Visit our partners at Advisen to access the full report. 

‍